Gilead Sciences’ stock price (GILD) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, with the dominance of the downward trend in the short term, countered with positive signals from the RSI after reaching oversold levels, limiting gains. 

Therefore we expect more losses for the stock, targeting the support of $66.90.

Expected trading range: between the support of $66.90 and an unspecified resistance.

Trend forecast: Bearish 

Paramount Global’s stock price (PARA) inched down in the intraday levels, preparing to pierce the pivotal support of $10.65, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the next support at $8.60, provided the pivotal support of $10.65 was reliably breached. 

Expected trading range: between the support of $$8.60 and the resistance of $10.65.

Trend forecast: Bearish 

Lululemon Athletica’s stock price (LULU) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI despite reaching oversold levels.

Therefore we expect the stock to decline and target the important support of $326.93, provided the resistance of $359.80 holds on.

Expected trading range: between the support of $326.93 and the resistance of $359.80.

Trend forecast: Bearish 

Micron Technology’s stock price (MU) fell in the intraday levels, amid negative signals from the RSI after reaching overbought levels.

The stock is seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line. 

Therefore we expect the stock to return higher, provided it settles above $117.35, thus targeting the resistance of $130.54. 

Expected trading range: between the support of $117.35 and the resistance of $130.54.

Trend forecast: Likely Bullish